Monthly economic report Keeping economic recovery in mind as crude oil rises September 19 19:09
The government maintained its moderate recovery in this month's monthly economic report. On the other hand, it is necessary to pay attention to the impact of rising crude oil prices following the attack on oil-related facilities in Saudi Arabia.
The monthly economic report shows the official recognition of the economy by the government, and the contents of this month were compiled at the relevant ministerial meeting on the 19th.
As a result, “Housing Construction” has been revised downward for the first time in 1 year and 9 months as the number of new starts has decreased from the same period of the previous year.
On the other hand, “personal consumption” maintained the judgment that it was “pickling up” because sales of 4K-compatible TVs were strong and the sales amount of home appliances increased.
In addition, due to the economic slowdown in China, both “export” is “weak” and “production” is “even though it has been flat, some weakness continues”.
Based on these factors, we maintained that the economy as a whole has been recovering moderately, despite weakness mainly in exports.
On the other hand, regarding the future of the economy, it is necessary to pay attention to the rise in crude oil prices due to the attack on Saudi oil related facilities.